Tata-Mistry case: SC stays NCLAT order, issues notice to Cyrus Mistry

The top court has also stayed the NCLAT's order for conversion of Tata Sons from private to a public entity

It took the Supreme Court less than a minute on Friday to stay a National Company Law Appellate Tribunal (NCLAT) order, which had last month reinstated Cyrus Mistry as executive chairman of Tata Sons. While the tribunal verdict had surprised the corporate world, Mistry, who was removed as Tata Sons chairman in a boardroom coup in October 2016, maintained he was fighting for the rights of minority shareholders and was not interested in returning to the post he held more than three years ago. 

Around noon, when the three-judge Bench comprising Chief Justice S A Bobde and Justices B R